United States ex rel. Master-Krete, Inc. v. Fidelity & Deposit Co. of Maryland

JOHN W. OLIVER, District Judge.

This case, the facts of which are stipulated, presents the question of whether, under the applicable Missouri law, a judgment debtor’s equity in shares of stock of an Indiana corporation is subject to garnishment in aid of a writ of execution issued on behalf of a judgment creditor of this Court. We hold that it is, for reasons we shall state.

The file and records of this Court and the stipulation of the parties establish that on October 1, 1962 Fidelity and Deposit Company of Maryland recovered judgment in this Court against J. O’Con-nell Hough for $22,432.50.…